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Iran planning to boost non-oil exports

Iran says it is planning to export non-oil exports in light of prospects that sanctions against it will be removed soon.

Iran said on Saturday that its success in Switzerland last week to reach a framework of solutions with P5+1 has already encouraged it to start planning for boosting its non-oil exports.    

Mohammadreza Nematzadeh, Iran’s minister of industry, mine and trade, said the prospect for the removal of economic sanctions against Iran – as highlighted at the end of talks in the Swiss city of Lausanne with P5+1 – is an important impetus to lift non-oil exports. 

For this to happen, Nematzadeh said, a perfectly organized planning needs to be devised so as to see a major change in this area before 21 March 2016 – the last day of the Iranian calendar year. 

He further called on the institutions that are in charge of organizing Iran’s non-oil exports to make serious contributions so as the goal he illustrated is achieved, IRNA reported. 

Over a week of talks between top diplomats of Iran and the P5+1 in the Swiss city of Lausanne culminated in a joint statement on Thursday in which the sides said they had reached understanding over solutions to move ahead toward drafting a comprehensive nuclear agreement before 30 June. 

A key point of Lausanne statement was a promise to lift the economic sanctions on Iran. The prospects for the removal of the sanctions within the next three months have has already boosted business confidence in Iran with the stock market in capital Tehran recording jumps over Saturday and Sunday that have been described as the highest in the past 18 months. 

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